Long Beach Center For Economic Inclusion
- Assets
- $352.8k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Long Beach, CA
- Founding
- Data as of
- 12/2022
- EIN
- 84-4693859
Organization Overview
Long Beach Center For Economic Inclusion is located in Long Beach, CA. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Long Beach Center For Economic Inclusion is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Long Beach Center For Economic Inclusion generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 32.5% each year . All expenses for the organization totaled $1.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
LBCEI IS A COMMUNITY DEVELOPMENT CORPORATION THAT EXPANDS INCLUSIVE ECONOMIC OPPORTUNITIES TO BUILD AND SUSTAIN WEALTH FOR ALL COMMUNITIES IN LONG BEACH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMIC RESILIENCYTHE LONG BEACH FOOD SUPPORT NETWORK IS A COLLECTION OF 9 FOOD PANTRY PARTNERS AND 3 NEIGHBORHOOD GROUPS IN LONG BEACH THAT HAVE BEEN WORKING TO MEET THE GROWING FOOD INSECURITY NEEDS OF UNDER-SERVED COMMUNITIES IN OUR CITY. AS T ED FOR FREE FOOD HAS GROWN THROUGHOUT THE COVID PANDEMIC, THIS NETWORK HAS ACTIVELY SERVED MORE THAN 1,500 HOUSEHOLDS EVERY WEEK SINCE LAST APRIL.OUR INITIATIVES INCLUDE, OFFERING FINANCIAL LITERACY EDUCATION FOR ALL AGES; CHILDREN, YOUTH AND ADULTS. EXPAND MULTILINGUAL FINANCIAL LITERACY CLASSES. FACILITATE REINTEGRATION ACTIVITIES, INCLUDING EXPUNGEMENT WORKSHOPS. CONNECT RESIDENTS TO FINANCIAL INSTITUTIONS.
WORKFORCE / DIGITAL INCLUSIONMORE THAN EVER, A RELIABLE INTERNET CONNECTION AND ACCESS TO TECHNOLOGY ARE AN INTEGRAL PART OF SCHOOL AND WORK FOR SO MANY LONG BEACH RESIDENTS. LBCEI IS WORKING WITH PARTNERS AROUND THE CITY TO HELP BRING THOSE RESOURCES TO THOSE WHO NEED IT. OUR INITIATIVES INCLUDE, TO PARTNER WITH LOCAL COMMUNITY-BASED ORGANIZATIONS, AGENCIES AND EDUCATIONAL INSTITUTIONS TO FACILITATE YOUTH AND ADULT TRAININGS. OFFER SOFT SKILLS (I.E. CUSTOMER SERVICE) AND TECHNICAL SKILLS TRAINING TO IMMIGRANTS, PEOPLE WITH DISABILITIES, FORMERLY INCARCERATED, ETC. FACILITATE RESUME BUILDING WORKSHOPS AND JOB INTERVIEW TRAININGS. INTRODUCE YOUTH TO CAREERS IN TRADE AND EMERGING INDUSTRIES.
SMALL BUSINESS LBCEI IS COMMITTED TO PROVIDING RESOURCES FOR SMALL BUSINESS OWNERS. THROUGH OUR LBCEI WEBINAR SERIES, SMALL BUSINESS OWNERS LEARNED NEW WAYS TO LOOK AT BUSINESS GROWTH AND THE FUTURE OF THE COMPANY. THE KEY TO BUSINESS GROWTH IS SETTING A VISION AND SOLID FOUNDATION FOR YOUR BUSINESS AND DRIVING GROWTH WITH NEW TOOLS AND AN ENTREPRENEURIAL MINDSET. BUSINESS EXPERTS TAUGHT NEW METHODS AND TOOLS THAT POSITIONED COMPANIES FOR GROWTH THOUGH VISION, MARKETING, AND SALES. OUR INITIATIVES INCLUDE, FACILITATE ENTREPRENEUR TRAINING AND WORKSHOPS. CONNECT LOCAL BUSINESSES TO FUNDING AND CONTRACT OPPORTUNITIES WITHIN THE CITY. PROVIDE TECHNICAL ASSISTANCE TO SMALL BUSINESSES. PROVIDE ADMINISTRATIVE SUPPORT TO BUSINESS IMPROVEMENTS DISTRICTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Williams Treasurer | Officer | 40 | $72,000 |
Emily Kazim Executive Dir. | OfficerTrustee | 0 | $0 |
Vivian Shimoyama Vice Chair | OfficerTrustee | 5 | $0 |
Dr Juan Benitez Board Member | Trustee | 1.5 | $0 |
Dennis Hum Board Member | Trustee | 1.5 | $0 |
Sharon Diggs-Jackson Director | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $133,742 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,273,313 |
| Noncash contributions included in lines 1a–1f | $852,723 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,407,055 |
| Total Program Service Revenue | $0 |
| Investment income | $14 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,407,069 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $852,723 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $72,000 |
| Compensation of current officers, directors, key employees. | $7,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,700 |
| Advertising and promotion | $8,063 |
| Office expenses | $842 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $145,942 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,091 |
| All other expenses | $5,003 |
| Total functional expenses | $1,269,037 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $134,923 |
| Savings and temporary cash investments | $75,183 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $142,741 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $352,847 |
| Accounts payable and accrued expenses | $135,984 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $135,984 |
| Net assets without donor restrictions | $70,463 |
| Net assets with donor restrictions | $146,400 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $352,847 |